Foreign Portfolio Investors (FPIs) have pulled out over Rs 10,000 crore from Indian equities in the first three weeks of September, primarilydue to rising US interest rates, recessionaryfears, and overvalued domestic stocks. Before the outflow, FPIs were incessantly buying Indianequities in the last six monthsfrom March to August and brought in Rs 1.74 lakh crore during the period. Mayank Mehra, smallcase, manager and principal partner at Craving Alpha,believes that strong economic growth prospects, attractive valuations, and government reforms could support foreign investment flows in the next month.
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